Call reports 2023
PALMETTO STATE BANK — 2023
What PALMETTO STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 615,747,000 | 613,101,000 | 602,537,000 | 610,887,000 |
| Total loans | 212,743,000 | 209,782,000 | 208,550,000 | 209,976,000 |
| Allowance for loan losses | 5,967,000 | 4,144,000 | 4,076,000 | 4,084,000 |
| Securities available for sale | 96,918,000 | 91,241,000 | 84,966,000 | 86,600,000 |
| Securities held to maturity | 270,035,000 | 266,437,000 | 262,959,000 | 260,252,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 525,298,000 | 514,695,000 | 503,642,000 | 507,901,000 |
| Interest-bearing deposits | 365,252,000 | 354,024,000 | 353,443,000 | 353,322,000 |
| Noninterest-bearing deposits | 160,046,000 | 160,671,000 | 150,199,000 | 154,579,000 |
| Equity capital | 70,628,000 | 72,109,000 | 71,129,000 | 72,688,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 4,984,000 | 9,987,000 | 15,151,000 | 20,388,000 |
| Interest expense | 426,000 | 1,154,000 | 2,021,000 | 3,107,000 |
| Net interest income | 4,558,000 | 8,833,000 | 13,130,000 | 17,281,000 |
| Noninterest income | 880,000 | 2,083,000 | 2,802,000 | 3,338,000 |
| Noninterest expense | 3,753,000 | 7,164,000 | 10,439,000 | 13,892,000 |
| Provision for loan losses | 0 | -1,900,000 | -1,900,000 | -1,900,000 |
| Pretax income | 1,685,000 | 5,652,000 | 7,393,000 | 8,627,000 |
| Income tax | 516,000 | 1,032,000 | 1,346,000 | 1,341,000 |
| Net income | 1,169,000 | 4,620,000 | 6,047,000 | 7,286,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,073,000 | 85,524,000 | 86,951,000 | 84,990,000 |
| Total capital | 86,344,000 | 89,667,000 | 91,027,000 | 89,074,000 |
| Risk-weighted assets | 340,033,000 | 336,477,000 | 334,593,000 | 333,872,000 |